Brasília – The 2016 inflation forecast from financial institutions polled by the Brazilian Central Bank was kept the same as in the last poll, at 6.88%. The projection for 2017 dropped from 5% to 4.94%. Brazilian inflation is measured by the Extended National Consumer Price Index (IPCA).
The Gross Domestic Product (GDP) is expected by poll’s respondents to shrink by 3.31%, up from 3.30% last week. The growth expected in 2017 moved from 1.21% to 1.20%.
The benchmark interest rate estimate was kept at 13.50% per annum at the end of 2016 and 10.75% per annum at the end of 2017. The benchmark rate (known as the Selic rate) is currently at 14% per annum.
*Translated by Gabriel Pomerancblum
PUBLICIDADE
